Now that our treasury dashboard updates are live we plan to periodically share information about strategies we're invested in, changes we make and rationale, relevant information and any referral links that may add a little boost to the treasury for our holders. 🏦
Strap in. 😴
We divested our $ETH holdings at the local top in mid-August, achieving an average price of $4,575 (some of which was even at the tippy top).
This was pleasing as we were largely locked into $ETH LSTs with unstaking so had to get creative to sell with minimal slippage at market.
We converted funds into $USDC and deposited into @aave on @base as a first step in our stablecoin strategy, yield there being the minimum risk free rate we will accept.
There are no plans to use any @aave (or other protocol) deposits as collateral for borrowing or any leverage.
An added draw of lending on @base was an Aave Chan DAO Initiative that topped up the 6% base yield by 1% meaning yields were as much as 7.6% before its end.
It is worth checking if you might have unknowingly earned any rewards yourself on their site:
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